Funny as only a parody can be.
As always, if you watched He-Man as a child, and now realise how shit it was plot wise (like every we used to watch, anyone ever used to think Power Rangers was the coolest thing ever, and then watched it again when older? Ugghhh), then you can appreciate the humour present here. The visuals arent bad, and the quality of the soundbites was ok. But you have to come down to the fact, THERE WAS NOTHING GOING ON!!!!